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429 | Property Market Outlook 2023

Folks, it’s about that time of year again…  

We’re dusting off our crystal ball, crunching the numbers from last Quarter and using our hard-earned experience from past market cycles to give you…  

Your ultimate Property Market Outlook for 2023!  

 From the suburbs that are set to soar in 2023 to when we can finally expect this record rate hike to end, we’re covering everything you can expect this year and answering:

Is Australia headed towards a V or U-Shaped Recovery?  

And of course…we’ll be using some super useful reports to bring you the wider Macro Story in Australia including inflation numbers, property supply levels and more.

With each year bringing a completely different property market, tune in to get an expert forecast for 2023 and be prepared for the year ahead.  

Give it a listen now! 

 

Free Stuff Mentioned… 

 

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Here’s some of the gold we cover… 

  • 0:00 – We’ve been receiving super positive feedback on the WealthSPEED (Thank you!)  
  • 4:01 – Here’s how to easily access ALL resources mentioned in this show….
  • 4:49 – Mindset Minute: Spoil your kids, and you’ll end up doing this😉  
  • 6:46 – What we’ve been hearing at the coal face… 
  • 9:34 The Baseline Scenario Set Up  
  • 11:22 – Our prediction for the Cash Rates (THIS is what’s holding the market back…) 
  • 15:30 This is why we think we’re close to an interest rate pause! (Reason #1)  
  • 17:48 – The 3 Population Buckets  
  • 18:23 – See the Australian Household Savings Ratio Graph here >> 
  • 19:51 – Reason #2  
  • 21:19 – Breaking down our Inflation Indicators
  • 23:14 – THIS was the biggest catalyst of core inflation 😮  
  • 24:10 – Our Inflation Prediction (Using December’s NAB Business Sentiment Survey Data.) 
  • 26:38 – Reason #3 (Immigration + Employment = ?!?)  
  • 29:08 – “Disinflation”, construction costs (Read CoreLogic’s Cordell Construction Cost Index here >>)  
  • 31:20 – The Macro Story in Australia (& what happens if we have a rate pause?!)  
  • 33:39 – Property supply & demand levels (See the Capital City Properties Listed For Sale graph here >>) 
  • 40:40 – Our forecast for property supply levels 
  • 41:56 – The Lending Story & APRA’s potential role  
  • 43:56 When should you get into the property market?  
  • 47:41 – When we think the market will bottom out!   
  • 51:39 – Is Australia headed towards a V or U-Shaped Recovery?  
  • 52:57 – What markets-within-markets are set to soar?   
  • 1:01:33 Who should be buying this year?  
  • 1:05:36 – …and who definitely shouldn’t be buying this year?  
  • 1:11:52 – Our Top Takeaways & Predictions   

And… 

  • 1:16:28 – You can unread your messages?! Here’s how😮  
  • 1:18:10 – China’s off its COVID Zero policy… 
  • 1:20:35 – Leave us your questions for our next Q&A Day! Send them through our SpeakPipe here >>  

 

Check out our newest financial features the WealthCLOCK, WealthSPEED & WealthTRACKER on the Moorr web platform, or download the app on Apple and Android.  

 

412 | The Best & Worst Performing Markets Over 30 Years! – Chat With Tim Lawless

With a developing rental crisis, interest rates still rising and an economy unsure if it’ll be pulled into a recession

It’s no surprise that there’s been A LOT of noise around what today’s data means for the future of Australia’s economy and property market.   

To slice through this noise (and bringing our guest streak to 3 weeks) we’ve brought in one of Australia’s biggest data-crunching experts and previous Property Couch guest… 

Please welcome back…

CoreLogic’s Research Division Founder, Tim Lawless!  

As Executive Research Director of CoreLogic, Tim heads up a team of analysts in Australia and New Zealand, reporting on property market conditions and the interplay between economic and demographic forces (phew talk about wide coverage!)   

Tune in to hear his origin story, from growing up in a law-less money household to meeting his wife Helen who turned his financial picture around.  

Fast forward to today where Tim sits at the coal face of Australia’s housing data; he’s breaking down what REALLY happened to housing values in September… 

And why, especially during times like these, it’s important to play the long game (using the last 30 years of housing values as proof!)  

PLUS, we unpack the market winners and losers over this period to highlight some valuable market lessons.  

Listen in now folks to get a true understanding of what the figures really mean! 😲 🤯

 

Free Stuff Mentioned… 

 

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Here’s some of the gold we cover… 

  • 0:00 – A sneak peek of today 😊  
  • 1:34 – Yep…we’re giving you 2 bonuisodes?!  
  • 3:37 – This is how expensive procrastination really is!  
  • 5:56 – Meet Tim Lawless!  
  • 8:30 – Growing up in a law-less money household!  
  • 10:50 – THIS played a crucial role in increasing transparency around property investing!  
  • 12:03 – The best advice Tim ever received ( + life after buying his first property)  
  • 13:02 – So…how did he set up his money management systems??  
  • 13:53  Highlights from Australia’s Housing Values in September  
  • 15:59 – Did the 25-basis points cash hike surprise Tim??  
  • 16:56 – We might find the housing bottom out in…early 2023?!  
  • 18:38 Should we expect a confidence shift in this market cycle??  
  • 20:48 – APRA’s 3% Buffer: Will it be relaxed?  
  • 22:29 “It was an absolute cash grab…”  
  • 24:20 – QLD’s new forecast post the scrapped land tax…  
  • 25:40 The 30-Year Long Game: Why is it important??  
  • 27: 59 – Folks, if you’ve got market anxiety, let this sink in… 
  • 30:01 Comparing House Values Across the Decades: Why did we see these results?  
  • 32:26 – This reflects the strength of our economy… 
  • 34:55 – What we saw in Perth is a reflection of these cycles!  
  • 36:47 – Which markets were the best performing over 30 years?? (The Regional winner might surprise you!)  
  • 38:10 …and the lowest-performing markets! 
  • 40:23 – What degree of effort is put into the research at an SA2, SA3 and SA4 level?  
  • 43:27 – Why measuring home values is a difficult task… 
  • 44:24 – Where are the top #3 SA3 areas?!  
  • 46:48 – The Importance of Scarcity Value 
  • 47:25 – We’ve said it once, we’ll say it again: It’s time in the market, not timing the market!  
  • 50:30 Check out THIS graph (bottom of page 1) summarising growth and volatility over the past 30 years!  
  • 53:29 Houses Vs. Units: Tim’s 5-Year Predictions!  
  • 56:22 – Will regional markets outgrow cities?!  

And… 

  • 1:00:09 – Our Key Takeaways 
  • 1:03:10 – How to avoid absorbing negative property noise!  
  • 1:05:38 – We need to allow borrowers to borrow!  
  • 1:06:07 – Want to learn how to beat the banks? Watch this.  
  • 1:07:34 – Bryce & Ben’s Bowling & Bingo Escapades  

 

Bonusisode: The Art of Investing in Volatile Markets – Chat with Michael Savy

With the turbulent state of today’s markets, it’s no surprise that there’s been a lot of noise around the future of Australia’s market and what it means for investors. 🤯

With many conflicting trends and numbers — and a lack of clarity around the origins of Australia’s inflation — it’s hard to know what remedy is needed from the Reserve Bank of Australia or how to keep successfully investing in such markets.

In Part 2 of this educational series, Ben Kingsley, Managing Director of Empower Wealth and Michael Savy, Partner and Chief Financial Planner of Empower Wealth, break down:

👉 Today’s market data (what do the numbers really mean and what trends are we seeing!)

👉 Michael’s Car Analogy: What do cars, crashes and catching flights have to do with COVID?

👉 What “noise” you should and shouldn’t be listening to, and

👉 How to remain calm (and keep investing) during unpredictable market conditions!

 

Watch the video now:

Free Stuff Mentioned…

 

Here’s some of the gold we cover… 

  • 0:00 – Where we left off…
  • 0:54 – The Famous Car Analogy
  • 4:39 – Where did Australia’s inflation come from?
  • 6:51 – Taming Inflation
  • 9:09 – Inflation & Interest Rates
  • 13:28 – Data Dependent: Let’s break down the numbers
  • 17:13 – Market Analysis
  • 22:38 – So…what opportunities are still here today?
  • 24:29 – THIS is what happens when inflation runs away…
  • 25:27 – How to keep investing in volatile markets!!

 

Episode 403 | Do You Need a Buyers Agent in Today’s Market? (Part 2)

Continuing from last week’s episode, we’re back with PART 2 of Do You Need a Buyers Agent in Today’s Market?  

As we’ve said since our earliest podcast episodes, folks end up paying in 1 of 4 ways, and choosing to work with a Buyers Agent means you’re also choosing to pay in the best way… (especially in today’s market, you don’t want to be paying in any of the other ways…) 

This week we’ll be diving deeper into this concept and unpacking the 5 benefits that Buyers Agents bring to property hunters – especially in today’s turbulent market  

We’ll be covering… 

  1. Experience: Like why is it important for Buyers Agents to “pound the pavement” daily?  And how can you actually select an experienced one?
  2. Negotiation: The 3 Reasons Buyers Agents negotiate better (Have you heard of Gazumping??) Plus some real examples of effective negotiation that’s led to price reduction…. 
  3. Emotional Guidance: ONE of the key things Buyers Agents apply to save you lots of head (and heart) ache later down the track… 
  4. Time-Saving: The Magic of Momentum and Curation  
  5. Money Saving: Why PROCRASTINATION will cost you the most and other ways you pay… 

And so much more!   

We’re also welcoming back an extremely special Winter Series Guest who’s weighing in on whether the cost of a Buyers Agent is truly worth the benefits ~ stay tuned to find out who it is! 😉  

 

Tune in now folks, we’re driving this one home with a bang!  

P.S. Make sure to stick around till the end to hear Ben unpack PICA and PIPA’s newest findings on whether rent has kept up with inflation (and if you’re a landlord we want to hear your experiences – fill out PIPA’s 2022 Sentiment Survey here and have your thoughts heard!!)  

 

Free Stuff Mentioned… 

 

Here’s some of the gold we cover… 

  • 0:00 – A taster of what we’re covering today…
  • 3:10 – How can you feel more gratitude folks?  
  • 7:00 – If you’ve found value in us, could you please share THIS episode folks… 😊  
  • 8:03 – A kind review – this is why we do what we do!  
  • 9:08 – RECAP: Do You Need a Buyers Agent in Today’s Market? 
  • 10:39 – Benefit #1: Experience – The #2 ways you can tell 
  • 13:01 – Why any good Buyers Agent needs to “pound the pavement”…. 
  • 14:34 – What do Buyers Agents look for??  
  • 17:01 – Why they are Champions of Sequencing 
  • 17:49 – #1 HUGE advantage of using an experienced Buyers Agent!!  
  • 19:58 – They avoid making N_G_T_ _ _I_N mistakes!  
  • 20:50 – Ben’s Favourite “Oops” Story  
  • 23:27 – How to Choose an Experienced Buyers Agent (Ask THESE Questions!!) 
  • 25:18 – Benefit #2: Negotiation 
  • 26:00 – The COMP Analysis    
  • 28:12 – Acknowledge THIS before going in folks… 
  • 30:07 – The 3 Reasons Buyers Agents negotiate better (Have you heard of Gazumping??)  
  • 31:45 – Emotional Intelligence vs. Ego  
  • 34:15 – The Key Advantages of Agent Relationships!  
  • 37:00 – Real examples of how effective negotiation has led to price reduction!!  
  • 38:47 – Benefit #3: Emotional Guidance: The role of a Collaboration Partner  
  • 42:00 – Benefit #4: Time Saving  
  • 43:16 – The Magic of Momentum!!   
  • 45:05 – Scraping: How Buyers Agent minimise time but upscale volume  
  • 47:02 – Curation and #4 other massive benefits! 
  • 48:58 – Benefit #5: Money Saving: No Buyers Agent EVER says this… 
  • 49:29 – Folks, you pay 1 of 4 ways (we’ve said it once, we’ll say it again!)  
  • 52:22 – Why PROCRASTINATION is the biggest cost!!  
  • 55:28 – A Return Winter Series Guest weighs in on the cost vs. benefits of using a Buyers Agent!!  
  • 58:23- The Value Calculation many folks struggle with…  
  • 59:38 – Want to become a Borderless Investor? This is how a Buyers Agent could help!  
  • 1:01:00 – How Buyers Agents stop emotional buying… 
  • 1:02:24 – The Amazing 15-Minute Negotiation which Landed their Ideal Property  
  • 1:05:52 – How they purchased without even seeing the property in person!! 😮  
  • 1:08:00 – “I feel like I cheated…” 
  • 1:09:14 – The Best Mindset to have when buying during a pandemic!!  
  • 1:12:20 – The #1 piece of advice for folks considering a Buyers Agent!  
  • 1:15:40 – It’s about the VALUE Buyers Agents provide folks!  
  • 1:16:43 – THIS is when you might not need a Buyers Agent… 

And… 

  • 1:18:40 – Have you heard of a Sous Vide?? (Folks this is a FANTASTIC kitchen tool!)  
  • 1:20:38 – Has rent kept up with inflation?!? Check out PIPA and PICA’s new market findings here.  
  • 1:27:11 – Are you a landlord? We want to hear from you!! Complete PICA’s 2022 Sentiment Survey here and have your thoughts heard.

 

402 | Do You Need a Buyers Agent in Today’s Market? (Part 1)

If you’ve been listening to the podcast recently, you’d know that we’ve been encouraging folks out there to keep investing despite today’s property market – basically, to be “greedy when others are fearful,” in the wise words of Warren Buffet!

But…how are you supposed to get into the market – or even make progress – when you don’t have the experience or the time to invest? 

Folks, the answer is a Buyers Agent! 

We’ll be deep diving into what a Buyers Agent actually does, the #5 critical roles they fulfil on behalf of their buyer and why they are super beneficial for folks looking to invest in today’s property market!

 

Here’s a teaser of the #3 biggest reasons to use them… 

#1: The Herd is ______  

#2: The War Chest is Getting ____   

#3: The ____in the Desert 

 

And you can be sure you’re hearing this from a real industry expert…Yep. For those of you that didn’t know, Bryce is a Buyers Agent himself with more than 18 years of experience under his belt!!! 

But we aren’t just giving you the positives – we’ll also be sharing the top 3 things to consider BEFORE taking on a Buyers Agents and the red flags which indicate it’s a no-go.   

Listen now to understand the importance of a Buyers Agent and if you really need one in today’s environment!!  

 

P.S. And because we’ve got SO much gold to share on this topic, we’ve had to break it into a 2-Part Series!! Stay tuned next week when Ben and Bryce share real-life stories and one of our favourite Winters Series Guest will return for a special appearance….😉

 

Free Stuff Mentioned… 

 

Here’s some of the gold we cover… 

  • 0:00 – A sneak peek of today’s episode… 
  • 1:53 – Let’s dissect RBA’s New Announcement  
  • 5:20 – Nervous about rising rates? Listen to this part! (We all have those feelings too)  
  • 14:18 – What does it really cost you?  
  • 15:40 – A disclaimer from Bryce (Key Message: Take value where you see fit!)  
  • 17:25 – So…what is a Buyers Agent??  
  • 18:28 – The 8 Critical Roles they fill  
  • 19:32 – The 10,000 Hours: What makes a good Buyers Agent?  
  • 25:26 – The 2 things a Buyers Agent MUST be good at!!  
  • 27:53 – The two biggest anxiety points during a transaction!   
  • 29:20 – Sometimes it’s your f____ and f_____ who are the hardest to convince! 
  • 30:22 – Looking to get a Depreciation Schedule done (or fresh content straight in your inbox?!) Tune in here.  
  • 32:23: Lets Recap! 
  • 33:13 –The Buyers Agent Equation: How do you benefit?  
  • 34:16 – The #5 Unreplaceable Benefits of Using a Buyers Agents 
  • 40:40 – The Unseen Advantages 
  • 41:45 – A teaser of next week…(Real stories from Bryce & Ben?! One of our fav winter series guests is coming back?? Yes please!)  
  • 42:29 – The Home Buyer brief vs. The Investors brief 
  • 44:35 – Generally, Home Buyers get charged….more?!  
  • 45:43 – The 3 Services: Full vs. Negotiation Only vs. Hybrid 
  • 47:47 – The most time-consuming part of the job is…. 
  • 50:02 – 3 Things to Consider BEFORE selecting a Buyers Agent! – #1) I_D_ _EN_ _ C_  
  • 52:31 – #2) F_ _ _ (The ULTIMATE Betrayal!)  
  • 56:15 – #3) LI_E_S_  
  • 57:58 – Our Top #3 Reasons to Use a Buyers Agent right now…. 
  • 58:41 – Reason 1: The Herd is ______ 
  • 1:00:05 – How it relates to BOTH Economic Theory & Human Behaviour!  
  • 1:06:10 – Why you should expect to feel uncertain (Ask your family THIS question…)  
  • 1:08:37 – Reason 2: The War Chest is Getting ____  
  • 1:11:14 – Reason 3: The ____in the Desert 
  • 1:13:38 – In summary: How can Buyers Agent’s help today?   

And… 

 

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